Mexico to cut Pemex’s profit-sharing duty to 54%

摘要

Mexico City-The Mexican government will cut Pemex’s profit-sharing duty, known as DUC, to 54% by 2021 from the current 65%, the company’s financial director, Alberto Velazquez, said Thursday. “Results from this plan might be huge, spectacular,” Velazquez said at a presentation at the Mexican Petroleum Congress. This is besides the $1.5 billion stimulus package President Andres Manuel Lopez Obrador already announced for Pemex this year.